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Tag: ignoring

Ignoring this client asset may become an advisor’s nightmare

Ignoring this client asset may become an advisor’s nightmare

Finance
Caiaimage/Trevor Adeline | Getty ImagesWhen it comes to clients who own permanent life insurance with cash value, financial advisors have both an asset and a liability.On the one hand, clients appreciate having a financial advisor who can analyze the contract and ensure that it still meets their goals. "It's a perfect way to build relationships with clients, especially when it's a policy you didn't sell, and you look like a rock star," said Thomas J. Henske, a certified financial planner and partner at Lenox Advisors in New York.More from FA Playbook:Financial advisors are more stressed out than their clientsAs a financial advisor shortage looms, colleges fill the gapAdvisors create a game plan for this retirement expenseHowever, if an advisor chooses to ignore the insurance contract, you ...
Tesla's accountant quit after concluding Musk was ignoring go-private advice

Tesla's accountant quit after concluding Musk was ignoring go-private advice

Finance
Tesla's now former chief accounting officer, Dave Morton, quit the company after concluding CEO Elon Musk wasn't interested in accounting details around a potential take-private transaction, according to people familiar with the matter. Morton resigned Sept. 4, according to a company filing released on Friday. Morton said in the filing "the level of public attention placed on the company, as well as the pace within the company, have exceeded my expectations." Morton joined Tesla on Aug. 6 after Tesla approached him for the chief accounting job. Morton saw an opportunity to work with a visionary such as Musk and make life easi...
3 charts that show why the US should stop ignoring its debt problem

3 charts that show why the US should stop ignoring its debt problem

Finance
By most measures, the U.S. economic outlook is bright. GDP (gross domestic product) growth could exceed 4 percent in the second quarter, unemployment is at decade-lows and wages are ticking up. But one figure paints a darker picture: U.S. national debt. Gross federal debt stands at a massive $ 21.2 trillion. Economists and policymakers are increasingly urging the U.S. government to address the debt now while the economy is on solid footing and before the next crisis hits. "Even if you think that public debt just doesn't matter to economic outcomes, the thing you have to...